AIG losses widen to $3bn in Q4 as claims jump


American International Group (AIG) reported a net loss of $3.04 billion for the fourth quarter, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development.

AIG, Peter Hancock, Results, USA, North America, Insurance, Berkshire Hathaway, National Indemnity Company

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